high percentage of people working in manufacturing (2nd) and services (3rd) industries
technologically advanced (computers, cell phones, internet users)
GDP high
GDP (per capita) > $11, 5oo
GDP (by sector)-
agriculutre: 5% or less
industry: 40% or less
services: 50% or more
Labor force -
agriculutre: 1-20%
industry: 20% or less
services: 50% or more
2. Characteristics of DEVELOPING Countries:
more rural
high percentage of people (> 20%) working in agriculture (primary industry)
GDP low
GDP (per capita) < $11, 5oo
GDP (by sector)-
agriculutre: 15% or more
industry: 35% or less
services: 40% or less
Labor force -
agriculture: 20% or more
industry: 30% or less
services: 30% or less
Infant Mortality Rate - high (> 10 per 1000)
Unemployment Rate - high (> 10%)
Population Below the Poverty - high (> 20%)
Life Expectancy - low (< 70 years old)
Literacy Rate - low (< 92%)
Human Development Index > 50
3. Examples of PRIMARY Industries: oAgriculture oFishing oMining oForestry oExtractive industry §Mining of stone and extraction of fields ( petroleum) Any Type of Natural Resources
4. Examples of SECONDARY Industries: Secondary Industry is when the country finds a way to use their natural resources. Secondary Industry examples are- Ford Factories, Food Factories… Secondary products are ice cream, jewelry, cigarettes, butter, glass, wine, pencil, paper, computer,
6. Examples of QUATERNARY Industries: Research (library) Development (Consultant) Information Technology (Google) Scientific Research (Cancer Researcher)
2. Characteristics of DEVELOPING Countries:
3. Examples of PRIMARY Industries:
o Agriculture
o Fishing
o Mining
o Forestry
o Extractive industry
§ Mining of stone and extraction of fields ( petroleum)
Any Type of Natural Resources
4. Examples of SECONDARY Industries:
Secondary Industry is when the country finds a way to use their natural resources.
Secondary Industry examples are- Ford Factories, Food Factories…
Secondary products are ice cream, jewelry, cigarettes, butter, glass, wine, pencil, paper, computer,
5. Examples of TERTIARY Industries:
Tertiary Industry:
© Defined by exclusion of the two other sectors. Services are defined in conventional economic literature as "intangible goods".
© Involves the provision of services to businesses as well as final consumers.
© Services may involve the transport, distribution and sale of goods from producer to a consumer as may happen in wholesaling and retailing, or may involve the provision of a service, such as in pest control or entertainment.
© Goods may be transformed in the process of providing a service, as happens in the restaurant industry or in equipment repair.
© The focus is on people interacting with people and serving the customer rather than transforming physical goods.
© Mainly found in Developed Countries!
~ Schnucks
~ Malls
6. Examples of QUATERNARY Industries:
Research (library)
Development (Consultant)
Information Technology (Google)
Scientific Research (Cancer Researcher)